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Margin detailsFor the quarter, gross margin was 37.9%, 40 basis points worse than the prior-year quarter. Operating margin was 8.7%, 30 basis points worse than the prior-year quarter. Net margin was 6.1%, about the same as the prior-year quarter.

Looking aheadNext quarter's average estimate for revenue is $3.7 billion. On the bottom line, the average EPS estimate is $1.47.

Next year's average estimate for revenue is $15.5 billion. The average EPS estimate is $7.21.

Investor sentimentThe stock has a five-star rating (out of five) at Motley Fool CAPS, with 339 members out of 364 rating the stock outperform, and 25 members rating it underperform. Among 110 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give PPG Industries a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PPG Industries is outperform, with an average price target of $92.23.